19 July, 1999
Inquiries: Mr Ilkka Lehtinen +358 9 1734 3478, Ms Sonja
Karell +358 9 1734 3469
Director in charge: Mr Jarmo Hyrkkö
Producer prices on the rise
With the exception of export prices, producer prices have been rising throughout the first half of the year.
Producer prices for manufactured goods, or producer prices for goods intended for the domestic market, rose by 0.2 per cent from May to June. The rise was due to higher prices of pulp and oil products.
In the year to June, producer prices for manufactured goods fell by 2.3 per cent, as the prices of electricity, iron and steel metals and chemicals went down. In January this year, the year-on-year fall in producer prices for manufactured products was still 4.2 per cent. Other producer price indices have undergone a similar development.
Import prices went up by 0.9 per cent from May to June, because of higher prices of oil products and iron and steel. In the year to June, import prices fell by 0.8 per cent, mainly due to lower prices of electrical equipment, chemicals and agricultural products.
In contrast, export prices went down by 0.8 per cent from May to June, primarily due to lower prices of electrical equipment.
In June, export prices were 6.1 per cent lower than a year earlier. The fall was mainly due to lower prices of electrical equipment, iron and steel metals, paper and board.
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Producer price indices 1995=100 and their monthly and
annual changes |
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Indices |
Point figure 6/1999 |
Change 5/99 - 6/99, % |
Change 6/98- 6/99,% |
Change 1/98 - 1/99, % |
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Producer price index for manufactured goods |
97.2 |
0.2 |
-2.3 |
-4.2 |
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Export price index |
92.7 |
-0.8 |
-6.1 |
-7.0 |
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Import price index |
96.8 |
0.9 |
-0.8 |
-6.7 |
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Basic price index for domestic supply |
98.3 |
0.4 |
-1.2 |
-3.7 |
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Wholesale price index |
98.6 |
0.3 |
-1.2 |
-3.5 |
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Producer price indices measure the development of commodity prices from enterprises' viewpoint. The basic price index for domestic supply measures the price development of goods used in Finland as they enter the market, exclusive of tax. The wholesale price index measures the change in the purchase prices of goods used in Finland inclusive of tax. Both these indices contain domestic and imported goods.
Source: Producer Price Indices 1999, June. Statistics Finland